The U.S. Federal Reserve cut its 2009 economic forecast sharply and discussed setting a target for inflation at its previous meeting as a deepening recession heightened fears of a dangerous decline in prices.
that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Fed Chairman Ben Bernanke told the National Press Club.
Taking on-the-record questions from the media for the first time since becoming Fed chairman, Bernanke said the long-run projections should help anchor the public's expectations about the future path of inflation i...
that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Bernanke said.
He said the long-run projections should help anchor the public's expectations about the future path of inflation in a way that could help prevent a self-feeding inflationary, or deflationary, psychology.
Bernanke said aggressive steps the Fed had taken t...
The U.S. economy is facing an unwelcome disinflation, but bold policy action will restore growth in the second half of this year, Federal Reserve Bank of Cleveland President Sandra Pianalto said on Wednesday.
NEW YORK - The Federal Reserve needs a more systematic approach to expanding U.S. money supply to avoid deflation as it combats a global recession that looks likely to last at least through the first half of 2009, a top Fed official said on Tuesday.
A key near-term risk for 2009 is disinflation and possibly deflation, St Louis Federal Reserve Bank President James Bullard said in remarks prep...
TOKYO - Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
The grim Japanese figures, coupled with disappointment over the lack of coordinated action from the G7 and worries about bank rescue plans pushed European shares down by 0.6 percent in...
Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
The European Central Bank on Thursday left its key lending rate unchanged at 2 percent, putting to an end of a series of cuts over the past four months.
Inflation at factory level has continued declining in December, posting its fifth consecutive month on month drop, after having peaked in May, according to data released by Eurostat.
Consumer confidence rose to a four-month high in January, helped by optimism that President Barack Obama's new administration might bring relief from a year-long recession, a survey showed on Friday.
My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor
Several important Japanese indicators were released overnight including industrial production, unemployment rate and inflation (see below for details). The releases make horrible reading.
Overall, the dollar continues to strengthen overnight. The only exception among the majors is the pound, which rose after some very good economic reports coming from the U.K. Ahead, the market is likely to become very volatile, especially during the U.S. open, when some important releases are scheduled.
Release Explanation: CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore give an overall read of Inflationary pressures. It is the most widely used Inflation indicator of Central Banks
As all recovery hopes are now pinned on the efficacy of Washington's next stimulus package, President Obama has opened the bidding at $825 billion. Most Republicans
Australian Dollar: The Aussie dollar traded lower in local trade yesterday weighed down by continued weakness in equity markets and a slide in the Euro. After holding onto
Australian Dollar: The AUD staged a strong rally during yesterday's local session as investors gained confidence from a positive finish on Wall Street on Friday and eyed this
Most consider the New York market 'spot' price for an accurate indication of the true price. However, investors now buying buy physical or 'fabricated' gold, are paying a
In an attempt to keep up with the country's soaring inflation, Zimbabwe will introduce a 100 trillion dollar note.
The Bank of England cut interest rates by half a percentage point to 1.5 percent on Thursday - its lowest rate since the bank was created in 1694 - as it aims to stave it off a deeper economic slump.
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
Consumers banked a big portion of their tax rebate checks last month, giving them enough cushion to keep spending for a few more months and perhaps postponing a recession that once seemed inevitable.
